Principles and Problems of Modern Economics |
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Page 43
... purchase and every purchase a sale , therefore the circulation of commodities necessarily implies an equilibrium of sales and purchases . . . . No one can sell unless someone else purchases . But no one is forthwith bound to purchase be ...
... purchase and every purchase a sale , therefore the circulation of commodities necessarily implies an equilibrium of sales and purchases . . . . No one can sell unless someone else purchases . But no one is forthwith bound to purchase be ...
Page 350
... purchase . Or the purchase may be financed by a finance company that in turn borrows its money from a bank . The amount of such credit creation for consumer purchases naturally increases during good times and contracts in a slump . In ...
... purchase . Or the purchase may be financed by a finance company that in turn borrows its money from a bank . The amount of such credit creation for consumer purchases naturally increases during good times and contracts in a slump . In ...
Page 701
... purchase curve is just tangent to the high- est indifference curve available to the seller . This is certainly as high a wage as the worker can ever get ; he cannot force the buyer off his price purchase curve . Only some specialized ...
... purchase curve is just tangent to the high- est indifference curve available to the seller . This is certainly as high a wage as the worker can ever get ; he cannot force the buyer off his price purchase curve . Only some specialized ...
Contents
The Development of Modern Economic Problems | 23 |
Economic | 39 |
A Simple Model of the Economy | 53 |
Copyright | |
57 other sections not shown
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Adam Smith agricultural amount areas assets average bank become billion capital commodity consumer consumption corporation cost curve cycle debt demand curve depression diagram discussion dollar economists economy effect efficiency elasticity enterprise equal equilibrium example expenditures exports factor factors of production farmers Federal Reserve Figure firm full employment gold higher important increase indifference curve individual industry inelastic inflation interest rate investment labor large number less manufacturing marginal cost marginal product marginal revenue means ment mercantilists merely monetary monopolistic competition multiplier national income operations organized output payments percent problem profits purchase pure competition quantity ratio real income reduce rent reserve ratios result saving schedule sell situation slope social spending sumer supply and demand supply curve surplus tariff taxes tend theory tion trade union United wages workers